136
views

NFTs and Adult Entertainment – The OnlyCam project

There are so many applications that blockchain technology fans have been discovering on the market in recent times. While we are still trying to figure out its exact potential, one of the most exciting aspects of the market is the NFTs exchange.

NFTs are demonstrating excellent applicability to the art ownership sector. More generally, it can now transform every digital asset into an NFT, such as the first Wikipedia edit. In an increasingly digital economy, the subject of virtual asset ownership is highly relevant and promises to be crucial in the future. 

Today we will talk about a new project in the adult entertainment industry, named OnlyCam. This review will deal impartially with the various peculiarities of the initiative. The goal of the article is to provide readers with a critical evaluation of the potential of this project.

The main issues in the adult entertainment industry

Those who know the adult entertainment industry are generally familiar with a series of topics on the market. More specifically, content creators commonly struggle with the following challenges:

  • Most social networks deliberately ban or censor adult content creators
  • It can be hard for adult content creators to copyright their work
  • Very few major payment platforms accept to work with the adult entertainment industry. This gives smaller payment companies the chance to require higher fees while working in this sector.
  • Adult creators and performers generally receive a small compensation for their work compared to the revenues of platforms selling the content.
  • Regulation can be an issue in this industry, as the sector is not eligible, for example, for public government incentives.

The picture is, therefore, pretty straightforward. Unfortunately, professionals in this industry do not live an easy life, as selling content (with no copyright and small economic compensation) is often impossible.

As we have seen in other sectors, blockchain is a new technology that aims at solving old problems, such as this one. This is probably the idea that a group of entrepreneurs had when OnlyCam was first launched.

What does OnlyCam propose?

OnlyCam ambitiously proposes a new business model in the adult entertainment industry. Firstly, the platform will not allow censorship in any shape or form. After all, the portal allows professionals to promote themselves and their content. 

Each content produced on the platform can be minted into an NFT. This implicitly means that these digital assets can start having copyright. The direct consequence of copyright comes with sales: creators and performers own their content and, therefore, perceive royalties any time someone uses or sells it.

Furthermore, by introducing its liquidity system, OnlyCam aims to eliminate the small payment companies’ predominance. The project founders promise it will take no gas fee on transactions within the platform.

A unique global liquidity system also makes it possible to create an audience worldwide. This is an exciting opportunity for content creators, who usually work on limited geographical areas with few reference currencies.

Following the classic spirit of the blockchain, the initiative aims to exclude any intermediary between the creators/performers and the audience. This idea turns the compensation mechanism into a more direct system, with obvious benefits for professionals in the sector.

Five different platforms

The project owners expect to launch the main website (Only. Cam) by the end of Q1 2022. However, they do not plan to stop there, as the initiative will have five different online platforms.

Specifically, the following portals will appear on the market in 2022:

  • Only.Cam: think of this portal as a streaming platform, or, actually, as a multi-streaming one. Creators will be able to stream their content to other cam websites
  • OnlyCam.exchange: this website will be the core of the OnlyCam liquidity system
  • OnlyCam.art: each NFT category deserves a marketplace, and OnlyCam.art will be designed for this purpose
  • OnlyCam.shop: a portal where anyone will be able to get OnlyCam merchandise
  • OnlyCam.VIP: an evolution of OnlyCam designed to view and buy digital adult content.

The liquidity system

OnlyCam expects to allocate its liquidity through PinkSale.Finance. The system has a maximum cap per portfolio to prevent price manipulation from whale investors.

Each transaction completed on one of the platforms previously mentioned will trigger a fee. While users may not be crazy about the idea of fees, it is crucial to understand that this mechanism aims to reach self-preservation:

  • Redistribution: everyone holding liquidity on the system will receive a part of a 2% fee on each transaction
  • Liquidity: another 2% on transactions will enter the liquidity pool, which is a typical mechanism for liquidity stabilization
  • Models/Creators: the content creators will receive a 1% fee on each transaction.

Our conclusions

The application of the blockchain to solving old problems of different industries represents the actual value of this technology. Every month, we discover new ways in which developers worldwide create economic systems that we could not have imagined until recently.

The OnlyCam project foresees a series of developments during the first quarters of 2022. The premises described in this review appear attractive, proposing a new system in the adult entertainment market. Being an ongoing initiative, we will provide further details when needed in relevant news.

Binance Coin live price
Bnb
Binance Coin
$484,67
price
1.96288%
price change
BUY NOW

If you want to know more about this new project, you can visit the official website of OnlyCam.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Learn More

Stay up to date with our latest articles

More posts

WMA: Bitcoin and Most Altcoins Are Back Trading in the Green

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,088 trillion. Bitcoin is up by almost 3% after a week of recovery. Ethereum increased by roughly 7% after seven productive days. XRP is up by almost 43% this week. Most altcoins are trading in the green, with very few exceptions. The DeFi sector added over $3.5 billion to the Total Value Locked in…

Crypto Jobs Up 395% – Texas and Florida Lead

Crypto-related job postings skyrocketed last year, following the strong performance of crypto markets. Texas and Florida emerged as new hubs for crypto jobs.  LinkedIn has reported an astonishing 395% growth of job postings related to crypto. A survey by Linkedin showed a sharp rise in job postings with terms like "cryptocurrency", "bitcoin", and "blockchain" in 2021. Moreover, the growth in crypto jobs outpaced the broader tech industry, which saw a 98% increase in listings. Most job postings were in finance…

Kim Kardashian and Mayweather Jr. Face Pump n’ Dump Crypto Lawsuit

Kim Kardashian has allegedly tricked investors into a cryptocurrency scam involving EthereumMax. She is part of a group of celebrities, including Floyd Mayweather Jr. and Paul Pierce, accused of a “pump n’ dump” scheme. They convinced millions of their social media followers into buying the digital coin. Then, once its price inflated, they sold their holdings for a considerable, yet illicit, profit. Some of the victims filed a class-action complaint last Friday in the U.S. District Court for the Central…

Rio de Janeiro Will Allocate 1% Of Treasury To Bitcoin

Talks about Bitcoin in Brazil are commonplace, but concrete political action has now been taken to adopt it. Eduardo Paes – mayor of Brazilian city Rio de Janeiro – recently announced plans to invest 1% of the city’s treasury in Bitcoin. His city will join a list of other political jurisdictions making small allocations to the cryptocurrency, eyeing its long-term potential.  Rio Hops On Bitcoin Paes announced the city’s new plans in a presentation at Rio Innovation week in conversation…

AidiVerse Review – The Blockchain Ecosystem for Everything DeFi

AidiVerse is a blockchain-based ecosystem aiming to provide several crypto assets and utilities. The project plans to deliver everything DeFi, including an NFT platform, P2E gaming, and decentralized exchange services. Furthermore, it should soon expand to incorporate yield farming, asset performance analytics, and even physical merchandise. These features and many more should help AidiVerse rival more established blockchain ecosystems in the cryptosphere. This short review looks closer at this up-and-coming project, its tokenomics, and its roadmap. What is AidiVerse? Blockchain…

Why Do the Cryptocurrency Prices Go Down on the Weekends?

If you have been in the crypto world for a while, you will probably have noticed a typical behaviour of the market during weekends. With some exceptions, we are used to seeing the price of significant cryptocurrencies drop over the weekend. The phenomenon is known to those who operate in this market, but understanding precisely the causes seems to be rather complex. Therefore, this article will discuss a definitive answer by analyzing the various main factors involved in this market…

Visa Survey: 1 of 4 Small Businesses to Accept Crypto Payments in 2022

Who said Bitcoin is bad for payments? The 6th edition of Visa’s Global Back to Business study found that nearly a quarter of small businesses plan to accept crypto transactions in 2022 – including Bitcoin. Rapid Crypto Adoption Incoming? According to the study, 82% of small and micro businesses (SMB’s) will accept some form of digital payment option this year. Meanwhile, 73% see getting new forms of payment as essential for growing their businesses. “Of those surveyed, 24% said they…

Parler Launches Trump NFTs

Parler, a self-proclaimed free speech platform launched an NFT collection featuring former President Donald Trump. The 10,000 NFTs will feature Trump in a variety of settings, from the U.S. Congress and beyond. It will also feature other influential figures, including rapper Ye (Kanye) West and billionaire Elon Musk. The social media network popular among U.S. conservatives partnered with Jon McNaughton to produce the art. McNaughton, a conservative American artist, hand-painted hundreds of images to create the collection. According to the press…

Curtis Sword Becomes the First Blockchain-based Large-Scale 3D ARPG

Curtis Sword, a 3D NFT ARPG mobile game on the blockchain, is excited to announce that it has fully launched on both Android and iOS. The project is the first GameFi-built game designed by the original "The Rise of Dragon" mobile game team. The game is the first large-scale 3D ARPG on the blockchain. Players can now explore fun blockchain games, interactive social networks, and a wide range of products and services with complete autonomy. Curtis Sword also offers union…

How to Track and Stay Updated with Cryptocurrency News

Cryptocurrency is a young market and, as such, very fast-moving. If we exclude the phenomenon of stablecoins, the prices of cryptocurrencies change continuously, with sometimes very high volatility. Since a volatile investment is, by definition, a risky operation, traders usually look for ways to reduce the possibility of incurring significant money losses. In this context, it is vital to stay up to date with market events, even if this can be complex. As seen in the past, a single tweet…